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Manager- General Ledger Controls & Revenue Assurance at SBM Bank Job Opening In Kenya, Kenya – Now Hiring Confidential

Manager General Ledger Controls & Revenue Assurance at SBM Bank

    Kenya Jobs Expertini Expertini Kenya Jobs Financial Specialists Manager General Ledger Controls & Revenue Assurance At Sbm Bank

Job description

Job Description

SBM Bank Kenya is a leading and trusted financial institution with an international footprint, headquartered in Mauritius and positioned to offer an unprecedented banking experience in Kenya to niche Retail, SME and corporate clients.

Following approval by the Central Bank of Kenya, the bank started its operations in Kenya in May and currently h…


Manager- General Ledger Controls & Revenue Assurance

Job Purpose


The job is responsible for supporting the function of balance sheet substantiation by general ledger monitoring, ledger mapping for financial reporting, IT controls around general ledger, independent ledger balance verifications and review of process in view of managing and monitoring of operational risk for finance.


Key Responsibilities


Financial Controls (80%)

  • Perform balance sheet validation procedures to identify and ensure closure of noted exceptions.

  • Review general ledger mismatches and ensure they are timely resolved in line with agreed closure process.

  • Prepare and/or review all required journal entries and schedules required for month end/quarter-end and year- end financial closure for reliable financial reporting.

  • Advice and coordinate correct accounting process flow in all newly developed products.

  • Manage general ledger ownership, reconciliation and balances confirmation process at end of each month.

  • Supervise journal entries to the general ledgers.

  • Ensure prevention of exposures to and impact of operational risks associated with all suspense accounts.

  • Drive audit socialization in the finance function and adoption of early corrective measures to ensure no ‘failed’ audits ratings

  • Central point of contact for operational risks within the finance function

  • Log and follow up for prompt closure all issues raised by internal/external auditors and other regulators

  • Provide financial schedules to both internal and external audits to facilitate smooth conclusion of audit

  • Nostro Accounts reconciliations

  • Coordinate end of year closure with IT team
  • Revenue Assurance (10%)

  • Ensure proper accounting and recovery all revenues due to the bank.

  •  Finance representative on products and services costing and pricing.

  • Lead revenue assurance team to ensure nil revenue leakage.

  • Support and advice branches/departments in areas relating to income reversals

  •  Review treasury income /amortization relating to government securities/ corporate bonds and or bank’s placements.
  • Team Leader (10%)

  • Training & development on identified knowledge gaps.

  • Coach and mentor staffs on career growth and organization culture.

  • Manage subordinates’ performance and resourcing needs.

  • Teams leave management.
  • Key Relationships


    Direct Reports to this Position


    2 Accountants- GL Controls


    Customers to this Position

  • Inter departments

  • Finance

  • Internal audit/ Risk & Compliance

  • External auditors

  • CBK
  • Knowledge, Skills & Experience required for this Role

  • A bachelor’s degree in finance, Accounting, Economics, Mathematics or related field

  • Professional qualification in CPA (K) / ACCA.

  • Must be a member of ICPAK in good standing

  • 10 years or more experience in banking preferably in finance.

    4 years must be in a managerial position
  • Competencies Required for this Role

  • Knowledge of banking business and operations.

  • Advanced excel knowledge

  • Attention to details.

  • Excellent grasp of accounting standards, CBK prudential guidelines and other financial policies and procedures.

  • Experience in risk management and compliance.

  • Analytical thinking and questioning

  • Open minded- Kaizen mentality
  • Required Skill Profession

    Financial Specialists


    • Job Details

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